The power distribution unit market size was valued at $4.1 billion in 2020, and is projected to reach $7.9 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030 A power distribution unit is an electrical device that has multiple sources of integrated power outputs. Each power output socket can be connected …
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The Global Surge Protector Market size was valued at $3.9 billion in 2020 and is anticipated to generate $6.8 billion by 2030. The market is projected to experience growth at a CAGR of 5.4% from 2021 to 2030. Power surge protector is designed to protect electrical appliances from voltage spikes. These protectors limit voltage supplied …
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The liquefied petroleum gas market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for LPG from various applications such as residential, commercial, and industrial. In addition, government initiatives to encourage the commercialization of LPG as cooking and auto fuel promote the growth of …
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The global traction battery market is expected to possess high growth potential in the coming years, owing to its use in electric vehicles, industrial, and locomotives. The increasing awareness for environment-friendly vehicles and rising volatility in fuel prices have surged the demand for electric vehicles. Moreover, factors, such as electrification of the transport sector and …
The solar panel recycling market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for solar photovoltaic panels from residential, commercial, industrial applications. In addition, increase in government activities toward the production of solar energy across the globe fuels the growth of the market. …
The excitation systems market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for synchronous machines from various end use industries. In addition, rise in investment towards power infrastructure projects fuels the growth of the excitation systems market. However, complicated design and disadvantages of …
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Increase in demand for membrane pumps from end-use industries, such as chemical, water & wastewater treatment, is expected to drive the membrane pump market during the forecast period. Moreover, technological advancement has resulted in an increase in adoption of membrane pumps in many industries. However, problem associated with pulsation is expected to hinder the market …
The global thermal power plant market is expected to head toward expansion in the coming years, owing to rise in demand for electricity from residential, commercial, and industrial sectors. Upcoming power generation projects, rise in industrialization, and increase in consumption of electricity on account of rise in energy needs in day-to-day life, especially from developing …
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The cuttings re-injection services market witnessed decreased demand owing to halted upstream activities i.e., (exploration, and drilling activities). Furthermore, the shift from fossil fuel to clean energy is expected to challenge the market during the forecast period. The cuttings re-injection services market was valued at $180.6 million in 2020, and is projected to reach $259.7 …
The electric water heater market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as rise in demand for hot water from residential, commercial and industrial operations. In addition, rapid industrialization & urbanization and rise in construction activities across the globe fuels the growth of the electric water …
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